See all rent data for Evansville, IN →
Typical Rent in 47708 — Evansville, IN
The typical 1-bedroom rent in 47708 (Evansville, IN) is $909/month as of 2026, based on 4 data sources. Rents have risen 2.1% year over year, so an increase above 2.1% exceeds the local market trend. Studio: $1,010. 2-bedroom: $1,320.
Rents in Evansville have grown approximately +2.1% over the past year based on local market data. A rent increase above 2.1% is above the local market trend.
Estimated Rent · 1-Bedroom
$909/mo
Source: HUD Estimated Rent
Data through
Based on 4 independent data sources including local market trends and nearby listings.
The HUD Fair Market Rent for a 1-bedroom in 47708 (Evansville, IN) is $1,020 for FY2026.
Rents in 47708 have increased 2.1% year-over-year based on local market data.
The confidence level for this estimate is high based on 4 data sources.
Based on local market data, a fair rent increase in Evansville (47708) is approximately 2.1% for 2026. The typical 1-bedroom rent is $909/month. Any increase significantly above 2.1% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 47708 (Evansville)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 47708 (Evansville) typically rents for $1,010 – $1,162.
Rents above $1,336 are in the top 25% for this area.
A 1-bedroom in 47708 (Evansville) typically rents for $1,020 – $1,154.
Rents above $1,327 are in the top 25% for this area.
A 2-bedroom in 47708 (Evansville) typically rents for $1,320 – $1,518.
Rents above $1,746 are in the top 25% for this area.
A 3-bedroom in 47708 (Evansville) typically rents for $1,620 – $1,863.
Rents above $2,142 are in the top 25% for this area.
A 4-bedroom in 47708 (Evansville) typically rents for $1,820 – $2,093.
Rents above $2,407 are in the top 25% for this area.
Current Asking Rents in 47708
What are apartments actually renting for near 47708? Click below to see live asking rents from current listings.
Live market data · Updated daily
Rent Increase Laws in Indiana →
▶Full market data
Rent Trends in Evansville, IN
+2.1%
Rents in 47708 (Evansville) are rising at +2.1% year-over-year.
✓ Verified trend
Market sources range from +2.0% to +2.1%
Sources: Apartment List, HUD Fair Market Rent
Federal Rent Benchmarks for 47708
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Evansville, IN MSA area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $1,010 | $902 |
| 1-Bedroom | $1,020 | $909 |
| 2-Bedroom | $1,320 | $1,176 |
| 3-Bedroom | $1,620 | $1,447 |
| 4-Bedroom | $1,820 | $1,626 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 47708
What is the average 1-bedroom rent in 47708?
The typical 1-bedroom rent in 47708 (Evansville, IN) is $909/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $1,010 and 2-bedroom rent at $1,320.
What is a fair rent increase in 47708?
A rent increase up to about 2.1% is in line with the recent local market trend in 47708. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 47708?
Rents in 47708 have risen 2.1% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 47708?
On this page, studio rent in 47708 is $1,010/month and 2-bedroom rent is $1,320/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
Renting in Evansville, IN? Your rent could be building your credit.
Report your monthly rent payments to all 3 credit bureaus — the same ones your next landlord will check. Takes 2 minutes to set up.
RenewalReply may earn a commission at no cost to you. Learn more
Renters insurance from $5/mo
Protect your belongings from theft, fire, and water damage. Takes 2 minutes and most landlords require it.
RenewalReply may earn a commission at no cost to you. Learn more
Renter Tools
Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 47708 ($1,020/mo) — useful for comparing what your rent gets you in other markets.
Other Zip Codes in Evansville, IN
Nearby Areas
Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →